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KKR launches European real estate debt business

The New York-based firm is targeting $1-2 billion in originations in the region next year amid a 'super-interesting time' for non-bank lenders The platform will be led by Ali Imraan, who joined in January as head of European real estate credit and previously was managing director of debt investments and special situations at Chicago-based manager LaSalle Investment Management. Rounding out the London-based team are principal Saurav Chakraborti, formerly an executive director at Goldman Sachs; principal Francesco Cariati, previously an executive...

Redevco has promoted Chris Fleetwood to head its global asset and development management function

Fleetwood, who joined Redevco in the beginning of this year, will report to CEO Andrew Vaughan and is tasked to further streamline the firm’s value creation activities. Said Vaughan: ‘Chris has built a strong track record in urban development over the last 20 years. This expertise combined with his insights in how to generate even greater impact, is crucial in fulfilling our mission.’ Fleetwood takes over from Thierry Cahierre, who combined the function of head of global asset and development...

EQT unveils a key leadership appointment

Suzanne Donohoe joins as chief commercial officer (CXO) and will lead a newly-formed platform to drive EQT’s external commercial activities. She joins EQT most recently from KKR where she was a partner & global head of strategic growth. Donohoe also built and led the client & partner group for over a decade and served as co-head of the inclusion & diversity council. Her prior experience includes an extensive global career at Goldman Sachs. Altogether, Donohoe brings thirty years of experience...

Barings boosts UK asset management team

Real estate investment manager Barings has appointed Paul Smith as a director in its UK asset management team, with Philip Smith also joining as a senior associate. Paul Smith joins from Aviva Investors where he was responsible for the asset management of 15 assets valued in excess of £600 mln (€684 mln) within UK cities including Manchester, Birmingham, and London. Philip Smith has gained experience over the past six and a half years in JLL’s asset management team, focusing on...

Paref group strengthens its European organisation with MD for Germany hire

The new position follows a move to open an office in Frankfurt in 2021, after those of Zurich and Milan. Schrecker brings more than 30 years of experience in the real estate sector, both in Germany and on an international level. He reports directly to Antoine Castro, chairman and CEO. Schrecker was head of Aoakore, a private equity and high net worth advisory firm active in the European real estate sector. He previously held several senior management positions within German...

BNP Paribas REIM fund buys hotel new-build in Hamburg-Altona, Germany

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired, on behalf of one of its funds, a hotel new-build in the Hamburg-Altona district. The property encompasses more than 10,000 sqm and features 220 modern hotel rooms and 44 apartments operated by hotel brands Moxy Hotel and Residence Inn by Marriott. Parent company of the two brands is Marriott International, the world’s largest hotel group with 30 different brands and 7,000 hotels in 131 countries. The property, which was...

Macquarie AM buys prime Polish logistics facility

Macquarie Asset Management has acquired Goleniow II, a Polish logistics facility, from developer 7R as it continues to expand its presence in the country’s logistics sector. The approximately 63,000 sqm property is strategically located in the Polish logistics hub of Szczecin. The newly developed site benefits from access to key sea and air transportation routes and offers direct access to key European markets through its close proximity to the German border. The prime property is targeting an ‘Excellent’ rating under...

Catella European Residential Sells Fully-let Residential and Student Housing Properties in Warsaw and Krakow for more than €60 million

Berlin-based Catella Residential Investment Management GmbH (CRIM) has sold two centrally located fully-let residential and student housing assets in Warsaw and Krakow in Poland to institutional investors in Austria and the Netherlands for more than €60 million on behalf of Munich-headquartered AIFM platform Catella Real Estate AG (CREAG). Catella entered the Polish residential market in 2016 with the acquisition in Warsaw, followed by the purchase of “Trio Kraków” in Krakow in 2017. With 38 million inhabitants, Poland is the largest...